This paper explores the effect of trade on the relative wage of less-skilled labor through its effect on world prices, which are typically exogenously given under the small open economy assumption. Using the 1995 i...

This paper explores the effect of trade on the relative wage of less-skilled labor through its effect on world prices, which are typically exogenously given under the small open economy assumption. Using the 1995 i...

DOI: http://dx.doi.org/10.5089/9781451858785.001

ISBN: 9781451858785

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Publication Date:
01
September
2004

ISBN: 9781451858785

A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides...

Publication Date:
01
March
1995

DOI: http://dx.doi.org/10.5089/9781451844740.001

ISBN: 9781451844740

Poverty alleviation is typically addressed in financial programming through additive programs that target vulnerable groups but without modifying the underlying stabilization and adjustment targets. Instead, this p...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
March
1995

ISBN: 9781451844740

Poverty alleviation is typically addressed in financial programming through additive programs that target vulnerable groups but without modifying the underlying stabilization and adjustment targets. Instead, this p...